If so, the GOP did a great job of manipulating Obama and the dems to save Wall Street. Real puppet masters!
First off, that's not what I meant. However, to clear up a few facts: The original Wall Street bailout was orchestrated by Dubya.
http://www.wsws.org/articles/2008/sep2008/econ-s20.shtmlThe Bush administration on Friday announced plans for a massive and unprecedented federal bailout of the US banking system. In separate appearances Friday morning, Treasury Secretary Henry Paulson and President Bush announced a series of measures to shore up collapsing financial markets and called on Congress to pass legislation next week to use, in Paulson’s words, “hundreds of billions” of taxpayer dollars to buy virtually worthless mortgage-backed assets that cannot be sold on the market from banks and other financial institutions.
Paulson said he would meet over the weekend with congressional leaders to lay out the details of the government plan.
With this plan, the full cost of the immense debts piled up by the banks will be imposed on the American people. It will shift the banks’ liabilities onto the federal government, sharply increasing government budget deficits and the US debt, a process that can only further erode the creditworthiness of the United States and place a bigger question mark on the value of the US dollar.
Secondly, the Republicans fought tooth and nail to prevent further regulation of the crooks:
http://firstread.msnbc.msn.com/_news/2010/04/14/4426186-congress-whos-bailing-out-wall-street"Senate Republicans unveiled a fresh attack yesterday against a regulatory revamping of the US banking industry, contending that Democrats' proposals to curb the reckless practices that contributed to the 2008 economic meltdown would create a 'perpetual taxpayer bailout of Wall Street banks,'" the Boston Globe reports
